Thirteen Aspects of Our Current Economic Situation [View article]
Thanks for the article. I especially liked this quote from the peak oil article you linked. ... Much of it relies on the basic economist’s assumption that rising prices will inevitably inspire the discovery of more supplies or the substitution of another fuel source, which is infallible truth only within the cozy confines of a self-contained economic model that assumes the earth can provide limitless bounty. So much remains unsaid, so few implications fully examined. ...
Thirteen Aspects of Our Current Economic Situation [View article]
...
Much of it relies on the basic economist’s assumption that rising prices will inevitably inspire the discovery of more supplies or the substitution of another fuel source, which is infallible truth only within the cozy confines of a self-contained economic model that assumes the earth can provide limitless bounty. So much remains unsaid, so few implications fully examined.
...